Arbeitspapier
A nonparametric analysis of habit models
This paper presents a nonparametric analysis of the canonical habits model. The approach is based on the combinatorial/revealed preference framework of Samuelson (1948), Houthakker (1950), Afriat (1967) and Varian (1982) and the extenstion and application of these ideas to intertemporal models in Browning (1989). It provides a simple finitely computable test of the model which does not require a parameterisation of the underlying (hypothesised) preferences.It also yields set identification of important features of the canonical habits model including the consumer's rate of time preference and the welfare effects of habit-formation. The ideas presented are illustrated using Spanish panel data.
- Sprache
-
Englisch
- Erschienen in
-
Series: cemmap working paper ; No. CWP30/07
- Klassifikation
-
Wirtschaft
- Thema
-
Nichtparametrisches Verfahren
Einkommenshypothese
Offenbarte Präferenzen
Spanien
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Crawford, Ian
- Ereignis
-
Veröffentlichung
- (wer)
-
Centre for Microdata Methods and Practice (cemmap)
- (wo)
-
London
- (wann)
-
2007
- DOI
-
doi:10.1920/wp.cem.2007.3007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Crawford, Ian
- Centre for Microdata Methods and Practice (cemmap)
Entstanden
- 2007
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